Forex Fundamentals today

8:30am EST Empire State Business Conditions Index (USD)
8:30am EST Foreign Securities Purchases (CAD)
9:00am EST TIC Net Long-Term Transactions (USD)
7:30pm EST RBA Meeting Minutes (AUD)

Forex technical overview

EUR-USD => 1.4316 level is expected to be the lowest point for this pair currently. Expecting a bounce back towards 1.4418 - 1.4497.

GBP-USD => Resistance at 2.0256 will most likely be hit initiating a down move towards 2.0065 -1.9924.

USD-CHF => 1.1620 - 1.1581 should see the end of an uptrend followed by a correction towards 1.1435. rising above 1.1638 cancels correction.

USD-JPY => 113.96 - 113.93 should see the end of an uptrend with a following pullback down towards 112.55. Rising clearly above 114.45 cancels expected pullback.

EUR-JPY => Until 162.90 - 162.81 area is intact, the pair can move higher to 164.40 or even 165.22; in case of a breakout we should see an extended sell off.

EUR-GBP => 0.7132 - 0.7133 level should finalize current downtrend allowing buyers to recover to 0.7164 or even 0.7171. Falling below 0.7119 wipes out all expectations.

EUR-CHF => Resistance at 1.6654 should be met prior to an extended sell off towards 1.6622 -1.6538 zone.

AUD-USD => Pair should stay above 0.8545 level. Expecting a pullback up towards 0.8611 - 0.8671.

USD-CAD => Rising from 1.0150 or even 1.0117 towards 1.0236 is preferred. Later a pullback may take place.

Good luck in your Forex trading today!

Let’s continue on Forex video resources:

This one is about trading recaps, can you trade with $500 dollars, Who Are The Big Players The Forex Market, how to make a deal etc.
http://forexlearnguard.com/category/forex-videos/

Mark Braun’s overview on using the 50 CCI to trade mini Russell with Symmetry
http://www.mjbraun.net/Vids/RussellTriggers/ERTriggerReview.html

It is also about using Fibonacci Trader, how to set charts there plus CCI trading
http://www.mjbraun.net/CBMark/03-15-06/CBMark-ChartReview03-15-06.html
http://www.mjbraun.net/FT/ChartSetup/FTChartSetup.html

Gartley Webinar - some Gartley, some Fibonacci
http://www.mjbraun.net/Vids.html

That’s it for today,
Enjoy the videos!

Forex fundamental overview

Time EST
8:30am USD CPI m/m => Medium Impact Expected
8:30am USD Core CPI m/m => High Impact Expected
8:30am CAD Industrial Capacity Utilization Rate =>Medium Impact Expected
9:15am USD Industrial Production m/m => High Impact Expected
9:15am USD Capacity Utilization Rate => Medium Impact Expected

Forex technical overview

EUR-USD => We should see further down-moves towards 1.4605 or even 1.4561 presuming that resistance at 1.4649 level holds. Breaking above 1.4649 can cause a pullback to 1.4685 / 1.4721.

GBP-USD => Buyers pressure should rise moving price towards 2.0485 or even 2.0556. Support at 2.0413 - 2.0378 level should hold all pullbacks.

USD-CHF => Further rally for the pair is expected with a target at 1.1449 or even 1.1540 presuming that support at 1.1387 doesn’t break. Later a corrective recovery to 1.1387 - 1.1355 is expected.

USD-JPY => Buyers should push the price higher towards 112.65 or even 113.06 presuming that support at 112.02 is on their side. A correction later to 112.02 - 111.81 can take place.

EUR-JPY => Support levels - 163.92 and 163.51. Expecting a pullback to 164.68 or 165.03.

GBP-JPY => Failure to close yesterday above 230.00 suggests further consolidation. Breaking below 225.00 and above 230.50 is needed for a consolidation break out.

EUR-GBP => Expecting an additional up-move to 0.7202 or even 0.7236 but only if 0.7154 - 0.7147 area is intact, otherwise an acceleration downwards may occur.

EUR-CHF => 1.6687 / 1.6730 should see the end of this up-move. Downtrend targets are 1.6655 or even 1.6612. Rising above 1.6762 sets buyers mode.

AUD-USD => Expecting a rise towards 0.8840 from 0.8748 / 0.8707 levels with a further correction.

USD-CAD => We will most likely observe a consolidation between 1.0123 and 1.0292 for a while.

Good luck in trading Forex today!

Forex fundamental overview
Time EST
3:30am CHF Interest Rate Statement
6:00am GBP CBI Industrial Trends Orders
8:30am USD Core Retail Sales m/m
8:30am USD PPI m/m
8:30am CAD Manufacturing Shipments m/m
6:50pm JPY Tankan Large Manufacturers Index

Forex technical overview

EUR-USD => From 1.4701 / 1.4727 level we should see a pullback down to at least 1.4655 and possibly lower. Breaking above 1.4799 sets a buyers signal.

GBP-USD => Support at 2.0404 / 2.0346 should hold all declines. Tests of 2.0523 and up to 2.0584 are expected. S/L slightly below 2.0224.

USD-CHF => Support at 1.1311 / 1.1280 levels should hold all declines. Tests of 1.1374 / 1.1407 are going to be seen. S/L slightly below 1.1214.

USD-JPY => The pair is most likely going to stay in a range bouncing between 111.78 - 113.62 levels.

EUR-JPY => While 164.17 / 163.60 provides support we should see higher attempts towards 166.18 level. S/L slightly below 163.03 level.

EUR-GBP => Again expecting 0.7185 - 0.7230 boundaries to hold the pair is a trading range for a while.

EUR-CHF => Buyers will dominate further pushing price higher to 1.6726 / 1.6834 presuming that support at 1.6655 holds. Later a correction towards 1.6655 - 1.6618 is expected.

AUD-USD => Currently targeting 0.8915 or even 0.9002. Support at 0.8820 - 0.8777 area should hold all pullbacks.

USD-CAD => 1.0060 and 1.0136 levels will hold a consolidation for a while.

Good luck in trading Forex today!